Author Archives: Laurent Charpentier, Yooz



How the Traditional Role of the CFO is Becoming More Digital, Data Driven, and Strategic

finance

The role of the CFO has changed dramatically in recent years, primarily affected by the large-scale introduction of digital practices in the work environment. Traditionally the role of finance leaders has been confined to finance optimization tasks, but they now find themselves confronting new challenges and becoming increasingly involved in the overall strategy of the company. They are realizing that if they optimize finance processes such as invoice processing (AP) and access the data housed in the AP department, they will be better able to manage cash, control spend, contribute to profits, and mitigate risk. And they will find ways to use the data to make more strategic decisions. This changing role is reflected by 10 major transformations.